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EXPRESSIONS OF INTEREST

28-34 Bowen Road, Hermit Park QLD 4812

PROPERTY HIGHLIGHTS 

  • National Tenant Investment - OzCar

  • Dominant High Profile Location

  • Long Term Lease Security

OzCar - National Tenant Investment
DESCRIPTION​​​
 

OzCar - a premium retail investment servicing customers of far north Queensland.

 

A long term proven investment, OzCar Townsville has been successfully retailing upon this site since 2018.

 

OzCar Townsville is already a proven success - trading from this site since 2018.

 

Strong site fundamentals benefit from continuous exposure to a continuous customer base.

 

  • OzCar Group is the nation's leading retailer of second-hand motor vehicles - operating 22 metropolitan and regional locations.

 

  • Enormous site covering 3,423sqm across three titles. A wide corner frontage and strong operational flexibility.

 

  • Automotive showroom, workshop areas and expansive vehicle display yard representing OzCar fortunes.

 

  • Multiple access points enabling efficient entry, exit and on-site vehicle movement.

 

  • 5 year lease term commencing July 2023, plus 2 x 5 year options

 

  • Annual rental increases indexed to 3%, ensuring consistent income growth.

 

  • Flexible Mixed-use zoning supporting future redevelopment potential (STCA).

 

  • Current Net Income: $295,212.96* (+ GST) per annum.

 

28-34 Bowen Road will be offered For Sale via immediate offers to purchase.

 

For further information or to receive a copy of our Information Memorandum, please contact the Exclusive Marketing Agents:


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